Forecast Revenues for U.S. Application Service Provider (ASP) Market to Reach $9.1-bil in 2004
| FOR IMMEDIATE RELEASE | CONTACT: Keith Parker |
| September 18, 2000 | Data Analysis Group |
| Phone: (707) 894-9100 | |
| E-mail: support@infott.com | |
| URL: www.infotechtrends.com |
New Creek Ranch, California - September 18, 2000. The forecast market for Application Service Providers (ASP) will grow annually at 73.9% and reach $9.1-bil in 2004. ASPs host, manage and supports applications over the Internet and leased lines. By 2004 e-commerce will become the leading ASP application. Because they lack IT resources, small and midsize businesses presently comprise most of the market. Large businesses will come to dominate the market as the ASP market matures and demonstrates reliability, strong service, and customer support. Saving money by having ASPs maintain and upgrade software programs will continue to be the primary reason for growth in the Application Service Provider sector.
| Forecast Application Service Provider market (ASP), U.S. | |
$-bil | |
| 2000 | 1.0 |
| 2001 | 1.7 |
| 2002 | 2.9 |
| 2003 | 4.9 |
| 2004 | 9.1 |
| AGR | 73.9% |
| Source: www.infotechtrends.com | |
The information in this press release is based on a review of InfoTech Trends database of market research statistics. For more market data on the information technology industry go to Free Data. To see our press releases go to Press Releases.
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